Risk of Unrecoverable Investments and Exit-Related Losses
First written in FY2016. 3 of 6 entries say "Restated". Latest entry: FY2026.
Yamaha moved to the "Worse" side of this theme in 2024, the same year as the typical company in this theme.
The whole theme swung hardest in 2026: 19 of 24 companies on the "Worse" side.
26 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「During the current consolidated fiscal year, the company decided to discontinue its golf equipment business. As a result, it recorded ¥1,954 million, including losses on disposal of inventories, as restructuring expenses.」
Losses on disposal of inventories and other losses arose in connection with the business discontinuation, causing the risk of investment-recovery failure and withdrawal losses to emerge as actual restructuring expenses. - FY2025-H1MaterialisedAnnual report
「During the interim consolidated accounting period, the Group recognized an impairment loss of ¥7,804 million on piano manufacturing equipment and other assets in China and Indonesia within the musical instruments business segment, and recorded it under "Other expenses." The impairment loss was recognized for assets that are not expected to be used in the future and assets whose investments were considered difficult to recover.」
An impairment loss of ¥7,804 million was recorded on piano production equipment in China and Indonesia, including equipment with no expected future use and for which recovery of the investment was difficult. The risk of failure to recover investments emerged as an actual loss. - FY2020RestatedAnnual report
「There is a risk that changes in the business environment or divergence from conditions at the time investment decisions were made may prevent recovery of part or all of the investment, or result in additional losses upon withdrawal.」
The risks of failure to recover investments, including M&A and business restructuring investments, and losses on withdrawal continue to be identified. - FY2019RestatedAnnual report
「Depending on circumstances, the Group may be unable to recover part or all of its investments, or may incur additional losses upon withdrawal.」
The risks of failure to recover capital and strategic investments and losses on withdrawal continue to be identified. - FY2018RestatedAnnual report
「Depending on circumstances, the Group may be unable to recover part or all of its investments, or may incur additional losses upon withdrawal.」
The risk of failure to recover capital and strategic investments and losses on withdrawal has been reiterated. - FY2016First statedAnnual report
「Depending on circumstances, the Group may be unable to recover part or all of its investments, or may incur additional losses upon withdrawal. In such cases, the assets related to those investments may also be subject to impairment.」
Risks relating to business investments, including capital expenditure.